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Tuesday, April 06, 2010

Art Market Update

Souren Melikian's opinion piece in New York Times about Chinese art/market was interesting.

Judging from last week’s buying binge in New York, which the Chinese attended in such large numbers that Christie’s decided to hold the auction in the vast room usually reserved for Impressionist and Contemporary art, the days when Westerners with a great eye and the required cash could amass fabulous hoards of Chinese art are probably over. Roughly two thirds of the 611 lots that came on the block in a mammoth two-day sale went to Chinese dealers and collectors. They bought across the board, in every category, at every financial level.
- Souren Melikian

Useful link:
www.christies.com

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